Fannie Mae revises economic forecast downward for next two years

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Fannie Mae. Fannie Mae revises economic forecast downward for next two years. – R.A. Schuetz. Fannie Mae has downgraded its economic forecast for 2019 and 2020. The mortgage finance company lowered its predictions for economic growth to 2.1.

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Fannie Mae’s Economic and Strategic Research Group (ESR) predicts full-year 2019 and 2020 U.S. economic growth of 1.5%, down from Fannie Mae’s previous prediction of 2.1%. The GSE cites.

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Forecasters expect U.S. economic growth to slow down slightly over the next. year-2.3 percent for 2015." Despite economic growth taking a step backward, the forecast for housing for the rest of the.

Behind deadline: Home projects suffer from worker shortage Lynn Osborne has been remodeling two homes. They are different styles, in different states, with different contractors. But there has been one constant: delays due to a shortage of skilled labor.

Fannie Mae downgraded its forecast for U.S. economic growth, citing a ratcheting up of trade tensions, and said 2020 will see the worst economy in more than a decade.

5 days ago. Chairman Powell emphasized that the outlook for the economy remains favorable. downward revisions in the prior two months helped put the 3-month average job. two years.. June were revised downward by 41,000.

The Fannie Mae Economic and Strategic Research Group has revised upward its full-year 2018 economic growth forecast to 3.0% — from 2.8% in the prior forecast — on expectations that third and fourth quarter inventory restocking will outweigh slowing consumer spending growth and a decline in net exports, according to its August 2018 Economic and Housing Outlook.

consumption expenditures (PCE) was revised downward four-tenths.. the Presidential election and reached the highest level in two years.

3 Things to Know in the Housing Market Today! Some we just don’t know yet. The following three areas of the housing market are critical to understand: interest rates, building materials, and the outlook for an economic slowdown. 1. Interest Rates. One of the most important things to consider when buying a home is the interest rate you will be charged to borrow the money.

February 22, 2019. Fannie Mae expects GDP growth of 2.2% this year, down from 3.1% in 2018. The GSE’s Economic and Strategic Research Group is also predicting just one hike by the Federal Reserve to the federal funds rate during 2019.

Doug Duncan, Fannie Mae chief economist, joins "The Exchange" to discuss mortgage rates hitting their lowest level since. 2:05 PM ET Thu, 27 June 2019.

Fannie Mae’s Economic and Strategic Research Group (ESR) predicts full-year 2019 and 2020 U.S. economic growth of 1.5%, down from Fannie Mae’s previous prediction of 2.1%.